Archive | Business Operations

Let’s get down to the nuts and bolts of the reselling business. Learn tips and tricks for managing logistics, from storing to packing to shipping.

How and Why To Submit A Resale Certificate to BULQ

Tax

Did you know? If you don’t have a resale certificate on file with BULQ, you may be required to pay sales tax on future BULQ transactions. That potential burden for you business can add up! How to Submit Your Resale Certificate In order to be exempt from sales tax moving forward, simply email your valid resale certificate to our Customer Care Team at help@bulq.com. Both electronic copies and photos/images of paper copies are accepted. Please allow one business day for […]

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The Online Seller’s Guide to Resale Certificates

Man on Computer

In this post, hear from our guest author, Jennifer Clark, Content Marketing Manager at TaxJar, as she explains what resellers need to know about resale certificates. As an online seller, you have to source your products from somewhere. And unless you create your products fully formed from materials you already have on hand, chances are you either buy products for resale, or component parts of products to resell.   As a retailer, you can avoid paying sales tax on items […]

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5 Tips for Reselling Clothes Online

Woman reselling clothes online using a laptop

Clothing, shoes and accessories is a hugely popular category for online sellers, especially on eBay and Poshmark. With fashion as the highest revenue generating e-commerce vertical, it’s no wonder resellers are trying to catch the eyes of style-minded shoppers, especially since these buyers are twice as likely to purchase items in used condition. But, successfully reselling clothes online requires knowledge of how to merchandise items that will both attract and convert buyers. Although potentially a big money-maker, this opportunity comes […]

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Bookkeeping and Tax Prep: What Resellers Need to Know

Reseller Small Business Bookkeeping at Home

Accounting and tax professionals who work at small business bookkeeping offices across the country can all agree on one thing: if businesses are to succeed, business owners must know their numbers. It doesn’t matter how big or how small a company is, or how long they’ve been in business, they need to know the true financial state of their business. For many new resellers, the thought of tracking financial data, such as the cost of goods sold, sales tax, and […]

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4 Tips for Selling Health and Beauty Like a Pro

Selling Health and Beauty Online

Now more than ever, consumers are shopping online for their health and beauty needs. Especially with the popularity of social influencers and beauty bloggers, buyers are increasingly aware of trends and top products, and expect sellers to source accordingly. Although the industry is constantly evolving, there are a number of ways to stay ahead of trends and capture the online market. Check out these four health and beauty tips to help you stand out from the competition. 1. Optimize Your […]

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3 Tax Myths about Tax Preparation for Resellers

BULQ-Taxes-Calculator

Yep, it’s that time of year again – time to file our federal and state tax returns. W-2’s are out and receipts are in. Banks and other financial entities are sending us their year-end reports, and tax preparers across the U.S. are braced for long hours over the next three months to meet the demands of the tax filing season. With so many requirements for self-employed individuals, resellers often turn to other resellers, or to social media groups and forums, […]

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Fixer-Uppers: Tips for Repairing Merchandise for Resale

fixeruppersblogfinal

No matter where a reseller sources products, they’re bound to find merchandise that, though valuable, is a little rough around the edges. Sometimes the damage is a result of poor shipping and handling. Products found at clearance, at a secondhand store, or at a yard sale pass through many hands and often aren’t treated delicately. While some make their living fixing and reselling goods, this can be frustrating for resellers who don’t—and there are two reasons why. First, standards for […]

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Shipping & Storing: Which Reselling Business Profile Fits Your Needs?

storingshippingblogfinal

The reselling business comes with a lot of choices. Do I sell online or offline, Amazon or eBay? What kind of merchandise should I sell? How much should I sell? It’s a lot to consider. One of the most important questions resellers ask themselves is, where should I run my reselling business? Some resellers do all of their business, from retail arbitrage to sale, directly out of their house. Others separate the two, and still others have some kind of […]

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